On July 4, onchain investigator ZachXBT publicly set the record straight after Ethereum’s official X account implied that Proton, the privacy‑focused subscription service, accepted Ethereum as a payment method. In reality, Proton only accepts Bitcoin for its paid plans. The correction came at a time when ETH is hovering around $1,785, up 1.6 % over the last 24 hours, and the broader market is still in an “Extreme Fear” state according to the fear‑greed index.
For everyday crypto users, this episode serves as a reminder that even well‑known accounts can slip up. If you’re planning to use Proton or similar services, verify the accepted cryptocurrencies directly on the provider’s site or through reputable sources. Misleading claims can lead to failed transactions or wasted funds, especially when privacy services are involved.
Looking ahead, the Ethereum community will likely review its communication protocols to prevent similar mix‑ups. Meanwhile, the price of ETH continues to climb toward the $2,000 mark, with several technical indicators suggesting a potential rally. As the market remains volatile, staying informed about accurate payment options and official announcements will help traders and casual holders navigate the space more confidently.